Yes. Seniors may be eligible to buy whole life insurance coverage with guaranteed approval.
In fact, several life insurance carriers offer guaranteed issue whole life plans, including but not limited to: United of Omaha, Met Life, Colonial Penn, and AAA Life, among others.
Whether or not you are eligible to buy a senior guaranteed issue whole life insurance pay depend on your age.
In order to qualify for coverage you must meet the age requirement for approval.
For example, one carrier offers up to $25,000 of guaranteed issue whole life insurance for people ages 45 to 85 years old.
Learn how to buy guaranteed whole life insurance for seniors.